Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31128118No description of principal activity2022-04-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03027338 2022-04-01 2023-03-31 03027338 2021-04-01 2022-03-31 03027338 2023-03-31 03027338 2022-03-31 03027338 c:Director1 2022-04-01 2023-03-31 03027338 d:Buildings 2022-04-01 2023-03-31 03027338 d:Buildings 2023-03-31 03027338 d:Buildings 2022-03-31 03027338 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03027338 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03027338 d:PlantMachinery 2022-04-01 2023-03-31 03027338 d:PlantMachinery 2023-03-31 03027338 d:PlantMachinery 2022-03-31 03027338 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03027338 d:MotorVehicles 2022-04-01 2023-03-31 03027338 d:MotorVehicles 2023-03-31 03027338 d:MotorVehicles 2022-03-31 03027338 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03027338 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 03027338 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 03027338 d:CurrentFinancialInstruments 2023-03-31 03027338 d:CurrentFinancialInstruments 2022-03-31 03027338 d:Non-currentFinancialInstruments 2023-03-31 03027338 d:Non-currentFinancialInstruments 2022-03-31 03027338 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03027338 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03027338 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03027338 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 03027338 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03027338 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 03027338 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 03027338 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 03027338 d:ShareCapital 2023-03-31 03027338 d:ShareCapital 2022-03-31 03027338 d:RetainedEarningsAccumulatedLosses 2023-03-31 03027338 d:RetainedEarningsAccumulatedLosses 2022-03-31 03027338 c:FRS102 2022-04-01 2023-03-31 03027338 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03027338 c:FullAccounts 2022-04-01 2023-03-31 03027338 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03027338 2 2022-04-01 2023-03-31 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-31 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-31 03027338 d:LeasedAssetsHeldAsLessee 2023-03-31 03027338 d:LeasedAssetsHeldAsLessee 2022-03-31 03027338 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Registered number: 03027338









HILLSIDE ANIMAL SANCTUARY LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,320,848
3,916,107

Current assets
  

Stocks
  
96,361
87,143

Debtors: amounts falling due within one year
 5 
266,815
171,479

Cash at bank and in hand
  
392,344
212,739

  
755,520
471,361

Creditors: amounts falling due within one year
 6 
(2,248,503)
(1,563,368)

Net current liabilities
  
 
 
(1,492,983)
 
 
(1,092,007)

Total assets less current liabilities
  
2,827,865
2,824,100

Creditors: amounts falling due after more than one year
 7 
(1,114,534)
(1,183,153)

  

Net assets
  
1,713,331
1,640,947


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
1,713,329
1,640,945

  
1,713,331
1,640,947


Page 1

 
HILLSIDE ANIMAL SANCTUARY LIMITED
REGISTERED NUMBER: 03027338

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 March 2024.




W Valentine
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Hillside Animal Sanctuary Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03027338.  The registered office is Hillside Hall Lane, Frettenham, Norwich, Norfolk, NR12 7LT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 March 2023 the company had net current liabilities of £1,492,983.
The company relies on donations and legacies from it's supporters to meet it's day to day cash flow requirements. When these donations and legacies are not adequate for current cash needs the company relies on borrowings from supporters or extended credit terms from suppliers. It is the director's belief that the current level of borrowings from supporters will not be requested for repayment until the company has sufficient funds to pay and while the company remains under the control of Wendy Valentine. The amounts due to suppliers are repaid as funds allow.
The directors have considered a period of no less than 12 months from the balance sheet date and have concluded that the company will receive sufficient funds from future legacies and donations to continue for the foreseeable future. The company has experienced cash flow difficulties in the past and has always been able to raise additional funds through appeals and other fundraising efforts. The directors recognise that this relies on the ongoing goodwill of its supporters.
Based on the above, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of borrowings from supporters or extended credit terms from suppliers.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Donations and legacies are recognised in full in the profit and loss account when the company's entitlement is established and the amount receivable can be reliably quantified.
Income from trading activities includes mail order and rental income.  Income is received in exchange for services in order to raise funds and is recognised when the services have been provided.

Page 3

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, depreciation is provided on the following basis:.


Freehold land
-
No depreciation
Plant and machinery
-
10 - 20% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  The cost is on a first in first out basis.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, which include trade and other payables are initally measured at their transaction price after transaction costs.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers.  Trade payables are classified as current liabilities if the payment is due within one year.


3.


Employees

The average monthly number of employees, including directors, during the year was 128 (2022 - 118).

Page 6

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 April 2022
3,425,654
854,709
196,742
4,477,105


Additions
412,080
107,040
5,750
524,870


Disposals
-
-
(71,418)
(71,418)



At 31 March 2023

3,837,734
961,749
131,074
4,930,557



Depreciation


At 1 April 2022
-
423,663
137,335
560,998


Charge for the year on owned assets
30,625
35,672
8,776
75,073


Charge for the year on financed assets
-
18,483
1,159
19,642


Disposals
-
-
(46,004)
(46,004)



At 31 March 2023

30,625
477,818
101,266
609,709



Net book value



At 31 March 2023
3,807,109
483,931
29,808
4,320,848



At 31 March 2022
3,425,654
431,046
59,407
3,916,107

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
166,350
169,274

Motor vehicles
3,478
4,637

169,828
173,911

Page 7

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Other debtors
65,341
57,371

Prepayments and accrued income
201,474
114,108

266,815
171,479


Contingent assets
Notified legacies are recognised as accrued income when their value is known with a degree of certainty.  Where legacies have been notified as at the year end, but their value remains uncertain they are treated as contingent assets.  At the balance sheet date contingent legacy assets are estimated to be £1,300,000 (2022 - £3,337,000).


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
56,632
66,567

Other loans
246,936
133,166

Trade creditors
1,105,919
763,380

Other taxation and social security
56,733
44,468

Obligations under finance lease and hire purchase contracts
31,428
53,366

Other creditors
580,936
217,606

Accruals and deferred income
169,919
284,815

2,248,503
1,563,368



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,105,452
1,154,955

Net obligations under finance leases and hire purchase contracts
9,082
28,198

1,114,534
1,183,153




Page 8

 
HILLSIDE ANIMAL SANCTUARY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
56,632
66,567

Other loans
246,936
133,166

303,568
199,733


Amounts falling due 2-5 years

Bank loans
259,821
287,282

Amounts falling due after more than 5 years

Bank loans
845,631
867,674

1,409,020
1,354,689


Secured loans
Creditors amounting to £1,262,594 (2022 - £1,363,087) were secured over the assets of the company.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £37,819 (2022 - £33,393).  Contributions totalling £10,018 (2022 - £7,333) were payable to the fund at the balance sheet date and are included in creditors.


10.


Related party transactions

Included in other creditors is a loan due to a director.
At 1 April 2022 the amount due was £210,272, during the year personal expenses and repayments  were paid totalling £41,231, funds were introduced of £401,875, leaving a balance owed to a director at the year end of £570,916.
Rent was charged and paid totalling £18,375.
The security in place to support the lending for the purchase of the West Runton property includes a charge over the personal assets of a director.
The West Runton property is held in joint names of the company and a director at the Land Registry, however this merely reflects the borrowing position noted above.  The company has sole use of the property and the directors are satisfied that the full purchase cost has been correctly classified as a fixed asset.


Page 9